Nasdaq 100 will keep falling. Here are some key levels to trade!

The chart shows my macro plan on the Nasdaq. I believe with fed rate hikes today we will start again another decent lower in the markets. The Nasdaq has great potential to see a nice relief bounce off of the Golden Pocket noted on the chart. This small rally will most likely be stopped in its tracks at the descending trendline (if it even gets that far). After a solid rejection at the trendline the Nasdaq will head lower into the .786 fib retracement and into a major uptrend support line. If this line holds and the fed has stopped hiking rates it is very possible that the Nasdaq could breakout of the descending parallel channel.

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